Kotak Life

Buy a Life Insurance Plan in a few clicks


Now you can buy life insurance plan online.

Kotak e-Term Plan

Kotak e-Term Plan provides a high level of protection to your loved ones in your absence. Know more

Kotak Guaranteed Savings Plan

Kotak Guaranteed Savings Plan is a savings and protection plan that helps you achieve long-term financial goals and provides an insurance cover against any eventuality. Know more

Kotak E-Invest

Kotak e-Invest plan is a complete Unit-Linked Insurance Plan that can be customized as per your goals and needs. Know more

Kotak Health Shield

Kotak Health Shield Plan helps secure your finances in sudden medical expenses such as Cardiac, Liver, Neuro, and Cancer (all early and significant illness stages/conditions of cancer), along with offering protection for personal accidents - in case of accidental death or disability. Know more

Kotak Lifetime Income Plan

Kotak Lifetime Income Plan gives you the security of your income continuing throughout your life and in your absence throughout your spouse's lifetime! Know more

Planning for Your Child's Higher Education? Explore These Investment Options

Planning for Your Child's Higher Education? Explore These Investment Options
  • 26th Apr 2022 |
  • 2,866

With the rising expense of education, it is more crucial than ever to begin saving as soon as possible to reduce your financial load in the future. Student finance for higher education will undoubtedly be costly, and thus it is very important to start investing at the right place at the right time. But before you take this step, your investment objectives must be crystal clear to you. To arrive at a good financial objective, ask yourself the following questions:

  • How much risk can you take with your assets based on your risk appetite?
  • Investment horizon– how long can you keep your money locked in?
  • What is the maximum amount you can invest in a mutual fund?
  • Mode of investment– whether you choose to invest the entire amount at once (which would result in a lump sum investment for a year) or whether you want to invest a small amount at regular intervals (through SIPs)

Now that you’ve established your investment goal and have a higher education finance plan, you can build a substantial corpus by investing in the following:

Mutual Funds Investments

Pooling money professionally, managed by a Fund Manager, is called a mutual fund. There are three broad categories for a mutual fund: equity, debt, and hybrid. For instance, assume you have a one-year-old child, and your investment horizon is likely to fall between 10-15 years, depending on your investment aim. As a result, you should consider investing in equity-oriented schemes for achieving your financial goal for supporting your child’s education. Since this is a long-term approach, the returns will be good enough to help you build that corpus.

You might want to keep your money in an equity fund for a long period. However, after a few years of making such an investment, you can consider moving your investments to liquid funds to prevent significant volatility and assure liquidity based on your future needs.

Gold Exchange Traded Fund (GTF)

Indians have the most confidence in gold investments regardless of all available investment possibilities. On the other hand, physical gold carries a higher risk of purity and comes with additional costs, such as producing jewellery, among other things. Furthermore, dealing with actual gold entails a great deal of effort and price in the form of locker purchases, etc. Gold ETFs, like stocks, are traded on the National Stock Exchange and may be bought and sold at market rates. Such funds are passive assets whose value is tied to the gold price in international markets because they exclusively invest in gold bullions.

Unit-linked assurance plan (ULIP)

Due to fund alternatives that provide steady returns, low levels of risk, or both, ULIP plans have become more popular. As a result, many insurance companies, banks, and financial organisations offer these plans in India, allowing policy purchasers a variety of alternatives to select from. Your money will generate high returns throughout the vesting period, assuring good ROI on the investments and support your little one’s educational costs in the future.

Term Deposits

Like fixed or recurring deposits, term deposits have traditionally been favored by a wide section of Indian investors due to the low risk they entail. Although they give low yields (about 6.5 percent to 7.5 percent for big banks), they are a low-risk investment choice. These deposits are made for a specific time and have limited liquidity. Furthermore, banks impose fines on investors who make early withdrawals. The values on such investments over ₹10,000 per year is taxable.

SSY - A Government policy

Several government-sponsored saving plans also assist investors in accumulating adequate funds for higher education of students. For example, Sukanya Samriddhi Yojana is a government-sponsored savings plan that works well for conservative investors looking to put money towards their daughter’s education. SSY is a low-risk investment that can save you up to ₹1.5 lakh in taxes under Section 80C of the Income Tax Act. However, if you have a girl kid, you are only entitled to invest in the plan. Furthermore, under this arrangement, a family can only open a maximum of two accounts.

While inflation might go down near zero, a key expenditure for the ordinary Indian household is rapidly increasing. One of the largest monetary outflows that households must budget for is their children’s education, and thus, understanding higher education finance is necessary. The key to financial support for higher education is investments, so start investing today to secure your child’s tomorrow.

Kotak e-Term Plan


  • Nominal Cost
  • Multiple Plan Options
  • Flexible Payout Options
  • Critical Illness Rider
  • Tax Savings
  • Long term Coverage

Ref. No. KLI/22-23/E-BB/492


Browse our library of resources

- A Consumer Education Initiative series by Kotak Life

Similar Articles

How To Calculate The Amount Of Term Life Insurance You Need?

10-Year Term Life Insurance Policy - Explained in Detail

Term Insurance: Smokers vs Non-Smokers

Term Insurance With Riders In India

टर्म इंश्योरेंस क्या है? टर्म इंश्योरेंस का मतलब

Term Insurance Calculator - Everythng You Need To Know

Why Should You Add a Rider to a Term Insurance Plan?

Why 1 Cr Term Plan Is Necessary For Family?

Individual Life Insurance vs. Group Term Life Insurance

Is Life Insurance Investment Worthy Enough

8 Benefits of Term Insurance You Should Know

Term Insurance Age Limit – Term Plan for All Age Groups

Top 3 Reasons Why You Should Buy A Term Plan Now

Term Insurance: Most Common Term Insurance Myths Explained | Kotak Life

Difference between Term Insurance and Life Insurance

Eligibility Criteria for Buying Term Insurance in India

What Is a Passive Income? Why Should You Use It to Buy a Term Plan?

5 Term Insurance Benefits for Single Women

Is Group Term Life Insurance Provided By Employer Sufficient?

Can A Housewife Buy a Term Insurance Plan - All You Need to Know

What is Form 16, Form 16 part A, Form 16 part B, Information Required and FAQs

Term Vs. Whole Life Insurance: Which One You Should Buy in India?

Why Buy Term Insurance Even at Rising Rates?

Term Life Insurance Plan for Smokers vs Non-Smokers

Why Should You Not Take A Term Plan Without Medical Test in India?

Planning For Children's Future

How Not To Get Your Term Insurance Claim Rejected

Planning For Son or Daughter's Wedding

6 Types of Death not covered in Term Insurance Plan

Is ₹1 Crore Term Insurance Good Enough Cover?

Insuring yourself against Ill Health with a Critical Illness Rider

Busting Myths and Facts About Term Insurance Policies

Term Insurance with Critical Illness

What Should You opt for - Limited or Premium Pay?

When is the Right Time to Buy Term Life Insurance Policy for Yourself?

Steps on How to Buy Term Insurance Online

Online vs Offline Term Insurance: Which Is The Better Option To Buy

What is Insurance Premium - A Detailed Guide

Why Should New Parents Buy Term Life Insurance?

All About Term Insurance Inbuilt Coverage

Why should single women purchase term life insurance?

Term Plans are Definitely Cheaper than You Think!

Ideal Features of a Suitable Term Plan - Act Now for a Stress-free Future

Are The Add-ons and Optional Features of Term Insurance Plans Actually Beneficial?

Advantages of Buying Term Insurance in Your 50s

Choosing Riders for Insurance Plans

Why Buy Term Insurance Plan With a High Cover?

Is It Good To Buy A Term Insurance Plan In 2022?

Insuring Protection Against Death With Death Insurance Rider

Is it a Good Time to Buy Term Insurance During the COVID-19 Pandemic?

Should You Have Multiple Term Life Insurance Policies?

8 Things To Do After Buying Term Insurance

Everything About Claim Settlement Ratio for Term Insurance

Tips to Choose the Right Term Period for Term Insurance Plan

Tax Benefits of Term Insurance in India

Why Term Insurance Is Better Than ULIP?

Ensure Protection Against Death, Disease & Disability With Life Insurance

Term Insurance Basics You Should Know

What Happens to Term Insurance Plan With No Beneficiary - Kotak Life

Insuring Against Accidents with an Accidental Death Insurance Rider

All you need to Know about Term Insurance Plans for Housewives

Why does every working woman need life insurance?

4 Methods to Calculate How Much Term Insurance You Need

Is term Insurance Needed for People With No Dependents?

Key Differences Between Term Insurance, ULIPs, And Health Insurance

Do I Need to Give a Medical Test for Term Insurance in India?

Term Insurance – Why You Must Include In Your Financial Planning?

Does Term Insurance Cover Accidental Death?

4 Reasons Why You Need Critical Illness Cover

How To Change The Nominee in Term Insurance?

Calculating Term Insurance Premium

Term Plan with Spouse Cover

Term Insurance Plans and Policies for Smokers

What Are the Best Term Insurance Plans for Planning Retirement?

9 Most Frequently Asked Questions on Term Insurance

What is the Right Term Period For Term Insurance Policy? Here's How You Should Choose!

How to Identify Term Insurance According to Your Needs?

Make Your Online Term Plan Your Family's Monthly Pay Cheque

Can Senior Citizens Avail Term Insurance?

How Does A Term Life Insurance Work in India?

Do Beneficiaries Pay Taxes on Term Insurance?

Buying A Term Insurance? Don't Ignore the Claims Settlement Ratio

Do You Need Term Insurance Cover After Retirement?

What Are Insurance Riders and How to Choose Them in a Term Plan?

Different Types of Protection Plans

Gift Your Father A Term Insurance Plan This Father's Day

Can You Increase Your Term Insurance Cover?

How To Choose the Right Term Insurance Plan?

Why is it important to buy term insurance plan?

Importance of Term Insurance at Every Stage of Your Life

How Much Term Life Insurance Cover Do I Need in India?

5 Benefits of Early Retirement Planning

Should You Buy a Term Plan After 40?

Can I Get Term Insurance on Behalf of My Spouse?

What Types of Deaths Are Covered in a Term Insurance Plan?

5 Things To Consider While Buying Term Insurance Plan

Can Term Insurance Plans Be Purchased As A Gift?

Why Premium Amount for Term Insurance is So Low?

Why Married People Should Buy Term Insurance Under MWP Act?

Best Investment Plans for Children - Secure Your Child's Future

Which Death Type Does Your Term Plan Not Cover?

Understanding Term Insurance Riders

Can Non-Resident Indians (NRIs) Buy Term Insurance In India?

Can I Make Changes to My Term Insurance Policy Post Purchase?

Why Buying a Term Plan Is Smarter Than Traditional Life Insurance Products

How Much Term Insurance Do I Need

What is Critical Illness Policy

8 Factors to consider before choosing a Critical Illness Insurance

Different Types of Premium in Term Insurance

Key IRDAI Regulations That Changed Face Of Term Insurance Industry In 2020

How to Buy 1 Crore Life Insurance Policy Without Medical Test

6 Reasons That Make Term Insurance a Must Buy

Why Term Plan Should Be The First Step To Securing Your Future?

How To Choose the Right Sum Assured Under a Term Plan?

What All Documents Required For Term Insurance In India?

Why Surrendering Your Term Plan Policy In The Final Phase Maybe A Bad Idea?

What is a short term insurance policy?

What Is a Renewable Term Insurance Policy?

Can I Extend the Tenure of My Term Insurance Plan?

How Does Term Life Insurance Work? Learn the Benefits

Reasons You Need Term Insurance Plan as a Self-Employed Person

How to Surrender Term Life Insurance When you have No Liabilities

How to Compare Term Insurance Online

Is There Any Tax Benefit on Term Insurance?

9 Ways to Help Family Members in Financial Trouble

Insuring Against Disability With Disability Insurance Rider

Why Term Insurance Is Important in times of COVID-19?

Should Youngsters, Working Couples Buy Term Insurance Plans?

Make Your Online Term Plan Your Familys Monthly Payout

Is Term Life Insurance Plan an Investment or Expense?

How to Ensure That Your Term Insurance Claims Are Never Rejected?

Buying A Term Insurance Plan? Take These Factors into Account

How Much Cover Should I Take In A Term Plan?

Term Insurance: What Happens When You Don’t Pay Your Premiums?

4 Things To Expect From Your Term Insurance Plan in India

While Buying Term Insurance Compare Features, Not Just Premiums

What are the Documents Required for Term Insurance Plan?

Cost of Term Insurance Likely to Increase Soon

What are incremental term insurance plans?

Protection for your family

Does Your Term Insurance Plan Cover Death Due to COVID-19?

Is a Term Insurance Policy Portable?

5 Reasons to Buy Term Insurance When You are in Your 30s

What Is the Correct Age to Buy Term Insurance?

Increasing Term Insurance and Riders

Why Should You Buy Term Insurance in 2022?

What is Term Insurance - A Complete Guide

What Happens if you Hide Facts in your Term Insurance?

Advantages & Disadvantages of Term Insurance in India

Insurance Policy for Housewife In India

Which Term Insurance to Choose: Lump Sum or Staggered Pay-out Plan?

Comparing Term Plans – What Should You Look Out For

Know How to Invest at Every Age for Larger Returns

Endowment Plans vs Term Plans: Understanding the difference

What Should Be The Duration Of Your Term Plan in India?

Can I Buy Term Insurance for a COVID-19 Patient?

What is a Joint Term Insurance Plan? Key Benefits of Joint Term Plan